Solana (SOL) is currently trading at $133.86, down slightly by 0.40% over the past 12 hours. Despite this minor dip, the overall trend looks bullish following a strong rally from the $95 zone. The 12-hour chart shows consistent higher lows and higher highs, with the latest local high around $136.21. The MACD remains positive at 0.84, while the DIF and DEA lines indicate continuing momentum, though it’s beginning to level off slightly.
If buying volume picks up again and SOL breaks above the $136 resistance, the next target could be in the $142-$145 range in the short term. However, if it fails to maintain momentum, support can be expected around $129 and further down at $120.24.
Given the strengthening technical indicators and market sentiment surrounding altcoins, SOL may retest $140 soon, provided it holds above the 5-period moving average and volume remains steady. Traders should watch for confirmation above $136.
